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Lucie Bottega, and Jenny de Freitas

vol. 178, 2019, pp. 33–36

A label that imperfectly signals product quality is analyzed in a Bertrand duopoly with differentiated products. Considering strategic firms when certification is imperfect has some important implications. A separating equilibrium can be sustained with a free test due to price strategic...

Sara Capacci, Oliver Allais, Céline Bonnet, and Mario Mazzocchi

vol. 14, n. 10, 2019

We estimate the price and consumption effects of the 2012 French tax on sweetened non-alcoholic drinks using a difference-in-difference approach. Our identification strategy exploits Italian data as a natural control group. We use French and Italian Consumer Price Indices, purchase prices and...

Davy Paindaveine, and G. Van Bever

vol. 106, n. 4, December 2019, pp. 913–927

Jean-Pierre Amigues, and Tunc Durmaz

vol. 24, n. 6, December 2019, pp. 703–725

Patrick Rey, and Jean Tirole

vol. 127, n. 6, December 2019, pp. 3018–3069

The paper analyzes the impact of price caps agreed upon by industry participants. Price caps, like mergers, allow firms to solve Cournot's multiple marginalization problem; but unlike mergers, they do not stifle price competition in case of substitutes or facilitate foreclosure in case of...

Marie-Françoise Calmette, and Philippe Bontems

vol. 129, n. 6, 2019, pp. 967–992

Benjamin Ouvrard

vol. 34, n. 2, 2019, pp. 3–60

Abdelaati Daouia, Irene Gijbels, and Gilles Stupfler

vol. 114, n. 527, 2019, pp. 1366–1381

Quantiles and expectiles of a distribution are found to be useful descriptors of its tail in the same way as the median and mean are related to its central behavior. This paper considers a valuable alternative class to expectiles, called extremiles, which parallels the class of quantiles and...

Liliane Bonnal, and Xavier Moinier

vol. 7, n. 4, 2019, pp. 53–70

Alexandre Cornière (de), and Greg Taylor

vol. 50, n. 4, 2019, pp. 854–882

We study situations in which consumers rely on a biased intermediary’s advice when choosing among sellers. We introduce the notion that sellers’ and consumers’ payoffs can be congruent or conflicting, and show that this has important implications for the effects of bias. Under congruence, the firm...